In a severe stress scenario modelled on Ireland's experience, ANZ and NAB would be hit hardest but loss rates across all of Australia's biggest banks would still be less than two per cent, Fitch Ratings concludes. read more

A NAB adviser forged clients' initials on documents after the fact, and asked a colleague to witness their signatures, an action discovered during a random audit. The adviser was sacked within two days for misconduct, but neither ASIC nor professional bodies were told. read more

National Australia Bank has been dragged into a potentially damaging criminal case involving allegations of bribery and corruption against a former senior staff member and an external supplier of services to the bank. read more

While National Australia Bank's controversial dealings with introducers have plunged the bank into another governance scandal, the group's wholesale mortgage business has emerged as one of the fastest-growing profit-spinners in the group. read more

Proponents of Islamic finance in Australia have been heartened by proceedings in the Royal Commission into banking misconduct, hoping it has pushed the door slightly more ajar for arrangements such as Islamic finance which can trade on the fact that these deals are by their very nature more ethically motivated. read more

Co-op Money NZ, the industry association for credit unions and mutual building societies said that that its chief executive officer, Henry Lynch, will leave the organisation next month after almost eight years. read more

A number of causes of misconduct "are attributable to the culture and governance practices … as well as its risk management, recruitment and remuneration practices," at NAB in this case, as it happens, Rowena Orr told the Hayne royal commission on Friday."Another cause of the misconduct was the inadequacy of NAB's policies and processes for the training of bankers," Orr said. read more